Coppier, Raffaella; Michetti, Elisabetta - Dipartimento di Istituzioni Economiche e Finanziarie, … - 2004
<p> This paper analyzes the relation existing between corruption, monitoring and output inan economy. By solving a dynamic game we prove that equilibrium output is a non-linearupper-hemicontinuous function (MP function) of the monitoring level implemented by theState on corruption, presenting 3...</p>